SFGI Direct, a division of Summit Community Bank

Deposit Rates APY Vs.Others
Savings 3.81% 5.50% →
1-Year CD N.A. 5.38% →
2-Year CD N.A. 4.95% →
3-Year CD N.A. 5.00% →
4-Year CD N.A. 4.55% →
5-Year CD N.A. 4.55% →

2024 Overview

General Online Bank Information

Money that you deposit is held by Summit Community Bank, Inc. Summit Community Bank, Inc is an FDIC insured institution founded in 1995. It has approximately $4.63 billion in assets.

Deposits FDIC Insured Yes
Insured Bank Summit Community Bank, Inc
FDIC Certificate # 34102
Date Established 1995
Assets $4.63 billion
Loans $3.65 billion
Deposits $3.78 billion
Capital $0.55 billion

For a more detailed analysis of Summit Community Bank, Inc's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - July 24, 2024

Online Savings and Money Market Rates
Online Savings and Money Market Rates APY MIN MAX
Savings Account
3.81% $500 - Learn More

Bank Offers

SGFI Direct Lowers Its Online Savings Rate
Feb 20, 2020

SGFI Direct has lowered its online savings rate from 1.91% APY to 1.86% APY.




Climate Policy and Initiatives

SFGI Direct, a division of Summit Community Bank is encouraged to provide us with this information. When we receive this information from the online bank, we will provide it here.



Customer Reviews for SFGI Direct, a division of Summit Community Bank


  • December 31, 2020 |

    I’ve filed a complaint with the FDIC. This bank keeps rearranging my transactions, even if they’ve posted and are not pending. They also will deny a transaction and charge a non sufficient funds fee (however, their employees don’t know the difference between an overdraft and NSF fee. My branch manager argued with me for a long time. Terrible customer service every single time! Atrocious!! If I ask them about something they’ll make something up and then finally tell me after they see it.. if they ever do...
    Most of the time though when I ask about something like I had SIX $0.00 unknown transactions and they said they didn’t see them at first then just started reading all my transactions off to me lol like that would help me or something anyway. Frustrating and I think the FDIC made them refund me the last NSF fee which they were refusing to do!

  • November 27, 2020 |

    Online Savings Rates

    I've had an account for a few months here. I have not been charged a fee, downsides include 1. the ability to link only one external bank, 2. cannot change beneficiaries after the application, 3. no ATM access (synchrony and Ally provide this), 4. no trust accounts (I also have this problem with Marcus), 5. the inability to accept wire transfers. Not necessary to choose a better known name if you understand the limitations.

  • September 4, 2020 |

    Online Savings Rates

    I opened an account a couple of months ago when the rates were higher. I reviewed the statements and discovered they had been automatically charging me a $5 monthly service fee. Sneaky! I couldn't reach anyone at HQ in WV so I closed the account and ate the $30 loss. I would not recommend doing business with them.

  • September 16, 2017 |

    Online Savings Rates

    Worked with them previously years ago when the rate was very competitive. Now they have re-emerged but I would prefer to go with a better-know name and get a little less.


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